Deed in Lieu

Hi Debi,

A deed in lieu of foreclosure will help you in getting rid of the property. After the property is sold off by the lender at an auction, you won't be liable for paying the deficient balance resulting from the sale. However, you credit score would get reduced by 250 points and it'll remain on your credit report for 7 years. To know more about deed in lieu of foreclosure, check out the given page: http://www.mortgagefit.com/deed-lieu.html

Thanks

Hi James.

Thank you for all your help.